First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Trading Down 0.4% - Time to Sell?

Key Points

• The First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) experienced a 0.4% decline in mid-day trading, with shares last priced at $87.80.
• The fund recently increased its quarterly dividend to $0.3085, representing a 1.4% dividend yield, up from $0.20 previously.
• Several institutional investors have recently boosted their holdings in the fund, including a notable 155.3% increase by Geneos Wealth Management Inc.

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB - Get Free Report)'s share price fell 0.4% during mid-day trading on Monday . The stock traded as low as $87.12 and last traded at $87.80. 2,984 shares traded hands during mid-day trading, a decline of 3% from the average session volume of 3,087 shares. The stock had previously closed at $88.12.

First Trust Multi Cap Value AlphaDEX Fund Trading Down 1.0%

The company's 50 day moving average is $85.02 and its 200-day moving average is $80.63. The company has a market capitalization of $127.14 million, a P/E ratio of 11.94 and a beta of 1.22.

First Trust Multi Cap Value AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were paid a $0.3085 dividend. This represents a $1.23 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Thursday, June 26th. This is a positive change from First Trust Multi Cap Value AlphaDEX Fund's previous quarterly dividend of $0.20.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. increased its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 3.4% in the 2nd quarter. Raymond James Financial Inc. now owns 61,711 shares of the company's stock worth $5,015,000 after acquiring an additional 2,053 shares in the last quarter. LPL Financial LLC grew its position in First Trust Multi Cap Value AlphaDEX Fund by 4.2% during the 1st quarter. LPL Financial LLC now owns 50,384 shares of the company's stock valued at $4,006,000 after purchasing an additional 2,008 shares during the last quarter. Osaic Holdings Inc. grew its position in First Trust Multi Cap Value AlphaDEX Fund by 1.8% during the 2nd quarter. Osaic Holdings Inc. now owns 34,421 shares of the company's stock valued at $2,797,000 after purchasing an additional 620 shares during the last quarter. Citadel Advisors LLC grew its position in First Trust Multi Cap Value AlphaDEX Fund by 814.2% during the 4th quarter. Citadel Advisors LLC now owns 22,132 shares of the company's stock valued at $1,825,000 after purchasing an additional 19,711 shares during the last quarter. Finally, Northeast Planning Associates INC. NH grew its position in First Trust Multi Cap Value AlphaDEX Fund by 1.7% during the 2nd quarter. Northeast Planning Associates INC. NH now owns 21,217 shares of the company's stock valued at $1,724,000 after purchasing an additional 355 shares during the last quarter.

About First Trust Multi Cap Value AlphaDEX Fund

The First Trust Multi Cap Value AlphaDEX Fund (FAB) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Multi Cap Value index. The fund tracks an index that uses fundamental factors to select and weight value stocks from the Nasdaq US Select Indices. FAB was launched on May 8, 2007 and is managed by First Trust.